The Canadian dollar ended the week on the defensive. The pair could climb as high as 1.33 on a break above the May high of 1.3077, economists at Scotiabank report.
Key support seen at 1.2865
“USD/CAD gains Friday through 1.2995/00 target a further push on to retest the May high at 1.3077; beyond here and the USD risks pushing on to the 1.33 zone.”
“Key support for this week is 1.2865 – which may remain out of range for now.”